Daneese Tax And Accounting Services

09/14/2025

https://www.forbes.com/sites/kellyphillipserb/2025/09/12/a-first-look-at-the-new-tax-form-for-claiming-deductions-for-tips-overtime-car-interest-and-seniors/

The IRS has released a draft of the new Schedule 1-A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

12/09/2024

🗣️Update on Beneficial Ownership Information (BOI) Reporting and the Corporate Transparency Act (CTA)

On Dec. 3, 2024, a federal court issued a nationwide preliminary injunction in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al., temporarily halting the enforcement of the CTA's BOI reporting requirements. This order stays all deadlines for reporting companies to comply with the CTA, and reporting companies are not currently required to file BOI with the Financial Crimes Enforcement Network (FinCEN).

Next steps
Importantly, no liability will arise for failing to file BOI while the injunction is in effect. Despite this pause, companies may want to consider maintaining readiness by continuing to collect BOI to ensure compliance if the injunction is lifted and reporting deadlines are reinstated.

The Department of Justice has filed an appeal, and while the litigation continues, FinCEN has confirmed it will comply with the court's order as long as it remains in effect. Other courts across the country have upheld the CTA, and the Department of the Treasury maintains that the CTA is constitutional.

10/09/2024

Join the Class of 2026 Pumpkin Decorating Contest on Main Street on October 17, 2024! Donate your pumpkins by October 17th at Daneese Tax and Accounting Services. Thank you for your support and also to everyone who has already donated! We look forward to seeing your creative pumpkin designs! I don’t own the rights to this music!

08/11/2024

01/10/2024

Customer Appreciation Day Saturday January 13th from 2pm to 5pm!